Singapore’s Largest Bank DBS Launches Its Crypto Exchange

Singapore's largest banking company, DBS, recently launched a leading cryptocurrency trading service, DBS Digital Exchange, in a soft-launch. The trading platform will allow users to trade four crypto assets - Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), and XRP - against the Singapore dollar (SGD) and the Hong Kong dollar (HKD), Japanese yen (JPY), and US dollar (USD). DBS Bank's most dominating shareholder is Temasek Holdings, Singapore's second-largest sovereign wealth fund, owning 29% of DBS shares. A Different Approach from…